XRP Latest News Just Hit $3: Why Some Traders Think $120 Is Next (And They Might Not Be Crazy)

XRP price forecast points to a massive rally as traders eye $120, with technical patterns suggesting a potential breakout.

XRP has been quietly building something big, and crypto traders are starting to take notice. At over $3, the token is already sitting pretty, but some analysts think we’re just getting started. Here’s why the $120 target isn’t as wild as it sounds.

XRP Builds Momentum After Major Technical Breakout

XRP is currently trading around $3.10, and the monthly chart is painting a picture that has bulls salivating. After breaking out of a long-term consolidation pattern, the token appears to be “just warming up,” according to recent social media chatter from crypto analysts.

The technical setup shows a classic bullish wedge formation—the kind of pattern that often precedes explosive moves in crypto. We’re talking about the same type of structure that preceded some of the market’s most legendary rallies.

Here’s what traders are watching:

• Current price: $3.10
• Potential target: $120.72
• Key support: $0.61

That $120 target might sound absolutely bonkers, but let’s be real—we’ve seen crazier things happen in crypto. XRP has a track record of breaking through resistance levels like they’re made of paper once the momentum really kicks in.

XRP Price Action Suggests Parabolic Move Incoming

The monthly chart tells a compelling story. XRP has been steadily climbing after what looked like years of sideways action, and now it’s showing the kind of technical strength that gets veteran traders excited.

What makes this setup particularly interesting is how it mirrors earlier phases of major crypto bull runs. The patient accumulation, the breakout, and now this steady climb—it’s textbook stuff for anyone who’s been around the block a few times.

Crypto analysts on X are pointing out that the “crazy” thing isn’t the $120 target itself—it’s not being prepared for such a move. With XRP already above $3 and showing strong technical backing, we could be entering what some are calling a new expansion phase.

Of course, getting from $3 to $120 won’t be a straight line. Expect plenty of volatility, pullbacks, and moments of doubt along the way. But if this bullish sentiment continues and the technical pattern plays out, XRP holders might be in for quite a ride.